Finding cheaper auto insurance through online rate quotes saves time, is easy to do, plus you might just save a little. The key to finding lower rates is to compare as many rate quotes as possible in order to have every company's rates.

Finding the best direct price on auto insurance can be difficult if you are a beginner to online rate quotes. But don't let that discourage you because comparing prices is actually very simple. Getting lower can be surprisingly simple. The only thing you need to do is invest a little time to get quotes online from several insurance companies. It is quite easy and can be accomplished by comparing rates here.

Premiums are calculated by these things

Auto insurance rates for a 2002 will vary greatly and are calculated by many factors. Including but not limited to:

• Tickets increase premiums
• Your credit history
• The size of your community
• How many miles you drive
• Male drivers pay higher rates
• Deductible amount directly impacts your rate
• Crash test rating for your 2002
• Claims drive up premiums
• No coverage lapses saves money
• Home ownership saves money

A final factor which can affect is the model year. Newer models have a higher actual cash value in comparison to later models so the costs to repair will push premiums up. Conversely, new models may have a trim level with safety features such as a backup camera, lane departure warning system, and traction control so those may lower rates.

Auto liability

This provides protection from damage or injury you incur to other people or property that is your fault. Liability insurance covers claims like pain and suffering, repair costs for stationary objects, and legal defense fees. It is cheap coverage so consider buying as much as you can afford.

Coverage for collisions

This pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company. 2002 collision insurance is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. You can also bump up the deductible to bring the cost down.

Comprehensive auto coverage

Comprehensive insurance pays for damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by your comprehensive insurance. The maximum amount your auto insurance company will pay is the cash value of the vehicle, so if it's not worth much more than your deductible consider removing comprehensive coverage.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle's occupants from other drivers when they either have no liability insurance or not enough. Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance kick in for immediate expenses (i.e. EMT expenses, pain medications, and nursing services). They are often used to fill the gap from your health insurance plan or if you do not have health coverage. PIP coverage is not universally available and gives slightly broader coverage than med pay.